Accept Maker Payments

Maker serves as a smart contract lending platform, allowing users to secure loans by pledging collateral in exchange for Dai. Initiated by the Maker Foundation in 2015, it operates as an open-source project aimed at providing economic empowerment and opportunities globally. In 2017, Maker introduced the Maker governance token (MKR) alongside its initial stablecoin version, Single Collateral Dai (SAI), backed by Ether (ETH).

In 2019, two years later, the Foundation rolled out the Multi-Collateral Dai (DAI), replacing SAI. Garnering widespread adoption, Maker stands as the largest decentralized lending platform, boasting a total value locked (TVL) of approximately $2.58 billion as of December 2020.